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people here in washington are calling the fiscal cliff. today, we have new proof that people across the country not only are aware of what's going on, they're very, very worried. our new poll shows 68% say the country will face either a crisis or major problems if the cuts in taxes aren't avoided. and a whopping 77% say their personal financial situation will be affected by a failure to solve the fiscal cliff problem. despite this nationwide sense of urgency, there's only a little talk of compromise right now as lawmakers return to washington. our congressional correspondent, kate bolduan, has been working her sources on capitol hill and what's going on. stakes are enormous right now. what's going on? >> they were away for a week. staff was supposed to be working. but lawmakers are arriving back in town with no real whisper of an imminent breakthrough at the moment to avoid this looming series of tax increases and spending cuts that could very well damage the economy. but the air of compromise among some notable republicans is definitely grabbing attention. the republicans' comments
off the fiscal cliff than accept a deal that does not raise the tax rates. as much as you hear this talk it all comes to looking good through the republican house. we do not know yet. we know the staff's been working back and forthe. there's been all sorts of things floating around. to correlate for what the tax cuts would be for the rest of the decade. it's complicated stuff. both teams growing at it. i know they spoke over the thanksgiving holiday, but we are not close to a gentlemen's agreement like you're perhaps hearing from the a few united states senators, tamron. >> thank you very much. let me bring in news nation's senior political reporter lois romano and cnn contributor and strategist keith boykin. we touched on comments on morning joe. he released a little more detail. it says in part republicans aren't against tax rate hikes because of one man or a pledge. we're against hiking rates because they're bad for the economy and hurt jobs. our first team points out it seems like the parties are ready to agree to a large point for taxes on the wealthy. the down side is the
this morning. congress is back in session, and just in time, we are now 35 days away from the fiscal cliff. >> a big day in the middle east. today both israel and gaza meet to further the cease-fire between the two embattled nations. we're going to have a live report coming up for you. >> gray thursday, black friday, and now cyber monday. but just how good are the deals today, compared to what was put out this past holiday weekend? we're going to break it all down for you. >> did you do any shopping? >> absolutely not. there's too much football. >> don't you love it? >> good morning. welcome to "early start," i'm john berman. >> and i'm zoraida sambolin. 5:00 a.m. in the east. so let's get started. they are back. our lame duck congress returning to capitol hill today. the senate in session this afternoon. the house back tomorrow. and with 35 days left, as john just reminded us, before we plunge down the fiscal cliff, two prominent republican senators, lindsey graham and saxby chambliss are signaling they are willing to give a break the no tax pledge. that is a hopeful sign, folks, because
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, and the message no entitlement reform in any fiscal cliff deal. and more, ollie north on record gun sales, mike reagan on california and isaacs on warren buffett. here we go. "varney & company" is about to begin. looking for a better place to put your cash? here's one you may not he thght of -- fidelity. now you don't have to go a bank get the things you want from a bank, like no-fee atms all over the world. free checkwriting and mobile deposits. now depositing a check is easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account day and discover another reason >> wednesday, november 28th a bombshell report from forbes this morning, 11 states are in a death spiral. don't buy a house and don't invest in their municipal bonds. california, new york, illinois, of course they're on the list and smaller states like mississippi and new mexico also on that death spiral list. and the problem with the states accord to go william baldwin, he wrote the story, more takers than makers and all have
approach on the fiscal cliff, saying the elect is over. it's time to stop campaigning and start talk. some republicans are telling the president, show us your hand. martha: not over the cliff yet but perhaps headed there. good morning. i'm martha maccallum. the minority leader mitch mcconnell called the president out for what he says is a campaign-style blitz instead of negotiations between both sides. >> rather than sitting down with lawmakers and working out an agreement he's back on the campaign trail. we are not going to solve this problem by creating villians and drumming up outrage. >> he will be out trying to i'm sure zero in on those states represented by members of the house and the senate to try to get public support. bill: democrats upping the ante, looking to raise taxes, protect entitlements and raise the debt ceiling all at the same time. stuart varney, hello, there, sir. you think there has been a shift in those negotiations. >> i don't mean a shift in position. i mean a shift in focus, what they are focusing in on on the last couple days it's been taxes now it seems to be w
busy over the weekend. talking about the fiscal cliff. everyone comes back to work . wonder if they will get to work and cut the deals. republicans made it clear they are willing to budge when it comes to the 20 year pledge not to raise taxes that glover norquist had everyone sign before they took office. >> steve: grover norquist has hundreds of republicans to do that. clearly with the fiscal cliff comment and automatic spending cuts and taxes go up on everybody. something has to be done. the feeling is that it will happen two now. republicans have beenadament and said we can't raise taxes on anybody. and glover norquist said as long as you don't raise tax rates that is okay. and lindsay graham on that. >> i agree we shouldn't raise rates but i think grover is wrong to cap and buy down debt. what do you do with the money and i will violate the pledge for the good of the country only if the democrats do entitlement reform. >> gretchen: i think the pledge thing is good and bad. if you are a republican and believe that raising taxes is the wrong they think that and fine. but h
and bay area business people are part of his push to avoid the so-called fiscal cliff. >>> new details noon deadly fire at a clothing fire in bangladesh. factory officials are -- are arrested and accused [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. >>> a manhattan nanny has pleaded not guilty in the stabbing deaths of two children in her charge. ortega was arraigned in morning at hospital where she is being treated for self-inflicted stab counts she accused of killing a 6-year-old girl and her 2-year-old brother last month in the family's apartment. the family recently moved to new york from san francisco, the father worked at bloomberg and yahoo. >>> president obama wi
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and the white house have just 37 days left to reach a budget deal or risk falling off the fiscal cliff and triggering massive spending cuts and tax hikes. cnn's athena jones reports on a possible turning point in the negotiations. >> reporter: members of congress expressed optimism sunday about the prospects for reaching a deal to avoid the fiscal cliff. a series of tax increases and spending cuts next year that could do serious damage to the economy. they also sounded warnings. >> we can and must get an agreement, otherwise, i think first of all the markets are going to start reacting. >> it's not a done deal and it's not a certainty. if congress does nothing, which congress has gotten pretty good at doing these days, we'll go over the fiscal cliff. >> reporter: staffers have been working behind the scenes to find common ground to prevent across the board cuts lawmakers say should concern everyone. >> you should be worried, we all ought to be worried whether we are dependent upon other aspects of the federal budget, whether we're worried about the the regulation of food safety, about
-called fiscal cliff. >>> one of the most recognizable voices in hollywood lends his voice to a pro-same-sex marriage ad. >> freedom, justice and human dignity have always guided our journey toward a more perfect union. now across our country, we are standing together for the right of gay and lesbian americans. >> morgan freeman pointing out why he's behind what voters in three states did on election day. >>> and your $2 could be worth 425 million bucks. power ball reaching a new record. let's dream the dream together, shall we? shall we? "newsroom" starts now. -- captions by vitac -- www.vitac.com >>> good morning to you. thank you so much for being with me on this monday morning. i'm carol costello. we begin with the so-called fiscal cliff. 36 days from the crisis. new signs of just how concerned lawmakers really are. more republican lawmakers now say they will work toward a compromise, even if they have to break a promise not to raise taxes. that promise, that pledge, the brain child of anti-tax activist grover norquist, a long-time power broker in the gop. but the vote faced its
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the fiscal cliff. the left and right are talking compromise. what does it mean? mike lee is out front. >>> and susan rice headed to capitol hill to meet with her most outspoken critics, including john mccain to answer questions about what happened in bengha benghazi. let's go outfront. >>> good evening. "outfront" tonight, egypt on edge. is a new dictatorship on the horizon? tonight, president morsi clarified, but really largely stood by his decision to grant himself sweeping powers. including freedom from judicial review for what he's calling presidential decisions. the announcement was made today after morsi met with members of egypt's judicial body, which has been very critical of his decision. and u.s. officials who just days ago were heaping praise on the new egyptian leader for his role in initiating a cease-fire between israel and hamas, well, now when he took all these powers away from judges that reign supreme, they're in a tough spot. >> we have some concerns about the decisions and declarations announced on november 22nd. democracy depends on strong institutions and the imp
on their plate. we're not talking about turkey. we're talking about the fiscal cliff. one of the urgent matters this lame duck congress needs to address before the end of the year and even though the tax increases are going to take effect in 36 days, there's still only talk of a compromise, so can congress actually walk the walk or are we going to go off this cliff? up next, mike lee of utah. really appreciate you taking the time. you wrote an op-ed in the washington times and said quote, delaying significant fiscal restraint will send the wrong signal and may serve as taping point for our economy. so you're fear is that interest rates could surge. to be father, we've had this disastrous situation for years and interest rates have kept falling in spite of all worries that there would be a disaster. >> that's right. that's one of the things that distinguishes the fiscal cliff, which we're coming up against right now. from what i described yesterday says the fiscal avalanche. we can see when the fiscal cliff is about to hit. the avalanche occurs when people stop buying u.s. treasury instruments a
when it comes to avoiding the "fiscal cliff." some republicans said they are willing to consider some tax increases but they are insisting on larger budget cuts to benefit programs, which democrats oppose. if all sides can't agree on a spending plan before the year's end, automatic tax hikes and across-the-board budget cuts will all kick in. >> we must do everything we can during this short period of time to ensure that middle class families are not hit with $2,200 a year in tax increases. >> i hope cooler heads will prevail as we move through the process. we need to be working together. >> president obama is trying to generate public support for his idea. he will meet with corporate executives at the white house then travel to pennsylvania on friday to push for higher tax rates for the wealthy. >>> after meeting with her harshest critics, senate republicans say they are even more troubled over u.n. ambassador susan rice's initial response to the deadly terror attack in benghazi. in a closed meeting yesterday, rice met with several senators including arizona republican john mccain. ri
over the entitlement programs should be waged after the new year once the fiscal cliff issue has been settled. >>> six minutes past the hour, new storms rolling into the northwest this morning. and that could cause dangerous flooding. alexandra steele is live in atlanta for us. what's going on? >> hey, good morning to you guys. we've got one storm that's gone and one storm that's a massive storm incoming. so let's start with this, all you guys in new york city had snow, for sure, but right now we certainly don't. this has all moved offshore. this was just the rain, but what was left behind? actually black ice there this morning. places like new jersey, six inches of snow. chester, new jersey, five. you can see sunbury, pennsylvania, three. 2 1/2 in mill brooke. the hudson valley and portions of connecticut are seeing black ice as a factor. take it slow, especially the elevated surfaces with temperatures so cold. story number one. story number two, a mammoth storm, this is the water vapor. what you need to see with this is look at this huge trough off the coast. all this moisture is po
return to capitol hill tomorrow to try to work on a deal to avoid that fiscal cliff you've heard about a time or two. >> clayton: yeah, peter doocy live in washington this morning with the latest on where these negotiations stand and we can expect, i guess, tomorrow, peter, they get back to work after thanksgiving? >> reporter: that's right, clayton, so far just one meeting we know about the small, but bipartisan group of lawmakers trying to speteer the country away from the fiscal cliff and represent their parties. right after the bat after the first meeting speaker boehner told us he's ready to agree to new revenue in a deal, but the deal needs to be balanced. >> to show to your seriousness we've put revenue on the table, as long as it's accompanied by significant spending cuts. and while we're going to continue that revenue on the table. it's going to be incumbent for my colleagues to show the american people that we're serious about cutting spending and solving our fiscal dilemma. >> democrats, obviously, control the white house and the senate, but they still need the republican-le
fiscal cliff could hurt consumer confidence they say the threat of sudden increase in tax for middle class could put the brakes on holiday shopping. news has had an impact on stocks today with target, macy's and other retailers falling, dow down 64 points. >>> still much more ahead, another factory fire in bangladesh days after a deadly blaze at a company that makes clothes for big name retailers here. >> the elect was weeks ago some campaign something heating up again state senator from the bay area wan >>> there's been a second fire at a clothing fire in bangladesh, two days after another fire killed more than 100 workers. this is new video of the latest fire. the fire department believes everyone did get out safely. thousands took to the streets today demanding justice. officials say that building had no emergency exits when the fire broke out, workers above were trapped. the factory made products for wal-mart and other companies in the u.s. and europe. the bangladesh government has declared tomorrow a national day of mourning. >>> happening now, egypt's president standing by his
the fiscal cliff and if presented they will -- prevented they will talk about the need for taxes going up. in the afternoon, president barack obama will meet with ceos with more than a dozen major u.s. companies including home depot and comcast. >>> for only the 7th time in history, the president's swearing in date falls on a sunday and following tradition, president barack obama will privately take the oath of office on sunday january 20th and then the public inoculation will be -- inauguration will be sunday. >>> he frequently visits the plaza and unusual charges started showing up on her husband's credit card several months ago. >> there was $700 at washington state. 2600 at mcdonald in nevada and $1.50 at embassy sweet and some -- suite and someplace i never heard of. >> the pub owner said he is spending $10,000 to upgrade his computer system and most of the banks had charges that were not theirs as well. >>> and a shooter targeted a house filled with people including children. we will have more from gilroy. >>> she was sexually abused in the $1,990. a science teacher she said abused
fiscal cliff, it will increase the likelihood of another recession. lawmakers say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is avoid becoming brief and republicans should put revenue on the table. >> the big questions are whether republicans are open top some forms of tax increases and whether democrats will consider cuts to entitlement programs. >>> e elected officials including the governor and all the legislatures are getting their pay cut by 5%. for example, pay for the attorney general palilia harris is being cut to $143,000. that's a hundred thousand less than her replacement. but people don't run for office for the money. >> they're doing it because of a variety of factors, including the pursuit of power, the ambition to go to higher places and also of course hopefully public service that they want to give back to their community. >> the california citizens compensation commission ordered the pay cuts and they cut per diem pay by 18%. >>> carbon monoxide sent more than a dozen people to the hospital
, and businesses tend to be more worried about things like the fiscal cliff, they're more worried about the troubles in europe, they're more worried about the slowdown in china. you do have the disconnect. the big concern is which way is it going to go? who is going to win this tug-of-war? so far it's the consumer but let's hope it's not the other direction because as i said, let's hope that the businesses will eventually come around to thinking about things the way consumers are. . >> brown: nancy cohen, i want to come back to you on the question of online shopping and the changed landscape. does the rise of online shopping have a real impact on the economy or is it sort of shifting, transferring, where people buy their things? >> well, that's a very open question, partly because this is so new. the marriage and the magic of online plus brickes and mortar. i mean, there's no question people are visiting online web sites more often than they do stores. whether that adds up to incremental organic growth is a question we just don't know. remember, we're starting with all online sales from
. >>> but also this half hour, higher taxes on the table as the country edges closer to that fiscal cliff at the end of the year. some republican lawmakers are rethinking their promise not to raise the taxes. >>> and then here's a tax problem worth having, the tax bill on a record $425 million powerball jackpot that's up for grabs wednesday night. people across the country are dreaming. >> and we all know the chances are beyond slim. i think, the money you are putting down is for the fantasy. just that moment, you go, "man if i won this, wouldn't that be great." you're buying that moment of escape. not buying a real shot. >> you're very familiar with fantasizing, right? >> oh, yeah. >> money. winning. >> helps you get through the day. >>> and later they're back. 'tis the season for my favorite family, the griswolds, what got them together for 30 seconds after 23 years. can't believe it's been that long. details on what they're doing coming up in "the skinny." if you do not like national lampoon's "christmas vacation." you have no soul. funniest holiday movie ever. love the griswolds. >> c
waiting and watching to see if our officials can keep us from going over the so-called fiscal cliff, more specifically, that's a series of tax increases and spending cuts together set to go into effect on new year's day if they cannot agree on a budget before then. president obama and congressional leaders have been talking and possibly to come this week. it's november 26th. they don't have a lot of time. peter doocy with the news from washington. >> harris, republicans and democrats alike think that closing loopholes to raise revenue is a good idea. republicans are resisting the idea that inleasing tax rates on the wealthy will steer the country away from the fiscal cliff even though suspects insist it will. >> i would be very much opposed to raising tax rates, but i believe that we can close a lot of lop holes. >> they have to go up, real or effective tax rates, there are ways of doing this and secondly, we have to gross loopholes. >> lindsey graham is okay with new revenue and willing to cap deductions to get it, but only if democrats agree to reform entitlements like social security a
jing off the fiscal cliff. let's bring in george stephanopoulos. >> congress has gone home to the districts, any optimism that cooler heads will prevail and we'll see movement toward a deal quickly? >> there are only five weeks left. everything has to happen before december 31st. the president has had his first meetings with the top congressional leaders. there's a fair amount of optimism that something will get done before the end of the year. maybe a down payment on deficit reduction combined with a commitment to hit the big numbers. >> in addition to the fiscal cliff, some big vacancies coming up in the president's cabinet the state department, the treasury, even the cia, the general petraeus scandal, three vacancies now. >> and there's likely to be more shuffling in the president's cabinet. the president has signaled is favorite likely to be u.n. ambassador susan rice for secretary of state, she's faced a lot of opposition in house this week, republicans signed a letter not to appoint susan rice. the president hasn't made a final decision yet. if he went for it, despite
board room a lot of hammering over the fiscal cliff. some 35 days away now. business leaders are calling for action. listen to this plea from the group the business round table. >> america's ceos have a message for washington. >> top priority for us is to advance policies that will get the u.s. economy growing again. >> the country has to have a higher rate of growth. that begins with addressing the fiscal cliff issue. >> so, bipartisan bottom line, right? not quite. you see those business leaders have a vested interest in which spending should be cut and which loopholes closed. and let's just say what's old is new again. alison kosik is at the new york stock exchange with a closer look. put this in language we can understand as people who are not ceos. >> many of these high-level ceos, carol, are part of this movement, this campaign to fix the debt we've been hearing so much about. this includes some of the biggest heads of business that are out there. and some have been more outspoken than others when it comes to what needs to get done to get a handle on the deficit. it also has a lot
with president obama about keeping the country from plunging off the fiscal cliff into economic disaster. >> so let's bring in the host of abc's "this week" george stephanopoulos. good morning, sir. congress has gone home to the districts. is there any optimism that cooler heads will prevail and we'll see movement toward a deal quickly? >> there actually is. there are only five weeks left. everything has to happen before december 31st or everybody's taxes go up, and the spending cuts kick in. but the president has had his first meeting with the top congressional leaders. there's a fair amount of optimism that something will get done before the end of the year. not necessarily the whole big deal but maybe a down payment on deficit reduction combined with a commitment to hit the big numbers before the end of next year. >> in addition to the fiscal cliff, there's some big vak kis coming up in the president's cabinet, as well. we have the state department, we have treasury. those two we expected, even the cia now, the general petraeus scandal, three vacancies. >> three big ones at least and there's
-up demand. can we tell yet? >> one thing i'm worried about is the fiscal cliff issue, the tax increases and spending cuts that take place january 1 unless congress and the president reach a deal. businesses have been worried about that for months. maybe consumers are start-- maybe it's starting to creep into their thinking as well. we saw a weaker consumer sentiment number last week. that's thing to watch to worry about as we wonder what the holiday season will be like. >> brown: nariman behravesh, is it strange or do things really change? on the one hand, we want people to get out and spend, but on the other hand, we still talk about over-spending and spending money people didn't really have was part of the problem that got us into this state in the first place. so what's-- that sounds like a little bit of a disconnect. where are we on that? >> well, i think neil is right in saying consumer finances are in much better shape right now. so in that sense, the kind of spending we're seeing now is more sustainable. it's healthier in a sense. debt levels are down. people are not taking, say,
concerns as, do, frankly most c.e.o.'s. should we tumble over the fiscal cliff, the concerns are the impact that will have first and for most on the consumer. i saw it could take $200 billion out of the consumer evidence that is bad. taxes will be jacked up and membership less and a bunch of bad second --. >>neil: what if it is a deal it is disproportional tax hikes. >>guest: the question would, whose income is affected? who is seeing the faction hikes? are those the people that are spending money on day-to-day stuff? >>neil: so, a hike on the well to do would have less impact, is limited to the well-to-do than everyone, right? >>guest: for most consumer facing companies, they would say, yes, that is probably true. the effect that has on the long term in terms of capital formation is different, but if you are asking, short, short-term, macroeconomic effect, that is what is first and foremost and the other thing is our health care system is broken. >>neil: in your business that is more paramount. >>guest: we fowl we can be part of the solution to that because things like obesity are signific
cliff, saying the threat -- fiscal cliff saying this could drive people to spend less this holiday season if congress does not act by the end of the year, everybody will owe more in taxes come next april and that most certainly could affect people's spending habits now. >> i think it means they are not spending as much as they would because they still don't know what is gonna happen. >> congress only has 35 days to come to an agreement on deficit reduction. if they don't, automatic tax increases and spending cuts will go into effect january 1st. both parties say they are ready to compromise but still no real progress has been made. >>> 7:33. one bay area hospital demanding to be reimbursed by the los angeles dodgers for the treatment it gave to bryan stow, the giants' fan brutally beaten in l.a. brian flores is live at san francisco general hospital with more. >> reporter: hi, dave. san francisco general hospital is seeking a $1.2 million medical reimbursement from the dodgers for medical care of bryan stow. the hospital went to -- hospital went to u.s. bankruptcy court in order to
lawmakers are in the middle of a battle over the so-called fiscal cliff. so will republicans break a pledge over raising taxes? a decade's long pledge? >> now you see a little wiggle room. everyone, came out strong. now getting done to nitty-gritty of compromise here. perhaps backtracking here. get something done. look for language difference between tax rates and tax revenue as the debate moves forward there. >>> also this morning, the promises made to students by private for-profit colleges. did recruiters know and bend the truth about the job market to lure students to sign up for classes? a lot of reporting in recent years about what is going on with for-profit colleges. some of it kind of scary. we'll delve into that. >> we'll hear more in the next half hour. >>> later, the legendary rolling stones begin their concert tour, celebrating 50-year search for rock 'n' roll satisfaction. the first of five concerts. >> i could watch mick jagger dance all day. i think that's poetry in motion when mick gets on the stage and he's prancing around there. you can't beat that. that's americana at it
that will go up if they don't come up with a deal to avoid a fiscal cliff at the end of the year. and tonight, what could be a turning point. some republicans saying they are now willing to break that pledge of no new taxes. david kerley at the white house tonight. >> reporter: with some shopping done, president obama may be getting a gift from some republicans, republicans who signed a pledge never to raise taxes. this morning on abc news, a leading senator. >> i will violate the pledge. long shory short, for the good of the country if democrats will do entitlement reform. >> reporter: and pete chambliss says he will not abide by the pledge. support from a vocal house member too. >> i agree. a pledge you signed 20 years ago, 18 years ago is for that congress. the world has changed and the economic system is different. >> reporter: they are talking about that man's pledge, americans for tax reform president grover norquist who has hundreds of republicans signed. >> do you feel you are under assault? >> no. it allows elected officials to make it clear openly to voters where they stand. are the
they directly supply hamas with weapons. >>> workers are determined to avoid sending the country off the fiscal cliff. congress now has 35 taser to come to an agreement on deficit reduction. if they don't spending cuts will go into effect on january 1st and both parties say they are ready to compromise. the number of deadly crashes were up but dui arrests were actually down slightly. the chp said 31 people were killed including 6 between wednesday morning and today. many of those people were not wearing those seat belts. 224 people were arrested on suspicion of dui and that compares to 227 last year. i definitely remembered to put on a seat belt this morning. fog is a major problem in many areas, right tara? >> reporter: the fog is taking hold in oakland, vallejo, and san francisco county so definitely take your time and here is a look, fog has just settled in there and traffic is going well, westbound are those headlights as you make your way towards concord. you can barely see anything and you can make out those headlights and at the bay bridge toll a plaza where a fog advisory is in effect f
. the countdown on, 36 days until the nation goes over that fiscal cliff. a tax hike for everyone on new year's day unless lawmakers end their long gridlock, and today we did see a sign the paralysis may be ending. a republican mutiny against a man who had convinced them to take a pledge. abc's jonathan karl on the big picture from washington tonight. >> reporter: it's been an article of republican faith for decades, no tax increases of any kind, period. behind it all, this man, grover norquist, considered one of the most powerful men in washington. since he worked for ronald reagan in the 1980s, he's gotten virtually every elected republican to sign a pledge promising no tax increases. >> a taxpayer-friendly congress. >> reporter: they sign it to help get elected and don't violate it for fear of getting hammered for breaking their word. now how many of these things have been signed? >> pledges? >> reporter: yes. >> thousands over the years. >> reporter: he keeps them all on file. here's john boehner's pledge signed 20 years ago. if somebody signed this 10 years ago or 18 years ago, 20 years
the fiscal cliff. we are updated as lawmakers return to washington this week from their holiday break. >> reporter: after meeting with president obama before the thanksgiving holiday,. >> i want to welcome the congressional leadership here. >> reporter: congressional leaders expressed optimism to reaching more in tax increases and that is to take effect next year. >> constructive meeting with the president to talk about america's physical problem. >> we have the cornerstones of being able to work something out. >> reporter: they have been working behind the scenes to find common ground. the sticking points how to bring in more tax revenue and reduce spending on programs like medicare. but it is not yet clear when the lawmakers and the president will meet next. even if some progress is made this week. a final deal can be a long way off. >> we rarely see the hill and the white house make decisions early. they tend to do better when they have a deadline. i would be pleasantly surprised to see it, a deal emerge earlier than the end of the year. but we will see. >>> that was athena jones r
challenges ahead for the president and the white house. the fiscal cliff is coming fast. no viszable progress on that yet. and some surprising names are surfacing for the cabinet, including mark zuckerberg's number two at facebook. >> lots of names, projections out there. >>> we also have a big warning for parents this morning. from a brand-new report. on average, 30 children a day head to the e.r. for concussions, broken bones from those bouncy houses. look at that. what you need know. those are disturbing pictures. >>> also on the show, superstar alicia keys with us live for a very special concert right here in times square. we are so happy to have her back. >> big album coming out tomorrow. >>> let's get right to the charged up start to holiday shopping. online shopping is already up 20% on thanksgiving day and black friday. what will cyber monday bring? john schriffen joins us from toys "r" us in times square. >> reporter: good morning, george. many retailers save some items to entice shoppers to go online. that is for people who have a holiday spending budget left. we saw record numbers
. >>> this week congress returns to take on the pending fiscal cliff. year-end deadline where higher taxes and deep cuts kick in if a compromise haven't been reached. the stock markets have been betting early among congress will reach an early compromise, showing gains in this week's session. but republicans and democrats sound as far apart as ever on reaching a solution. >> the house of representatives has a bipartisan bill passed by the senate that will spare 898% of taxpayers across america from any income tax bases and 98% of businesses. it's a bipartisan bill the house should pass. >> it's fair to ask my party to put revenue on the table below historic packages. i will cap deductions. if you cap deductions around the 30, $40,000 range you can raise $1 trillion in revenue and the people who lose deductions are the upper income americans. to do this i just don't want to promise spending cuts, i want entitlement reforms. >> senator graham said the senate version will cutback the military to dangerously low levels. >>> new this morning the u.s. supreme court justices will go behind closed
're all one day closer to the fiscal cliff. what, 34 days now? president obama is finding new ways to make his case for raising taxes on wealthier americans. >> republicans say, get off the campaign stump and get in the negotiating room and get this thing done. so it's getting interesting. >>> imagine getting hit with unpaid parking tickets that totaled $100,000. well, a woman, her ex-boyfriend, and the battle over a car that sat for three years accumulating the fines. wow! >> chicago strong. that's how they roll there. >>> later, the secrets you can learn about your health by looking in the moore rohr. there could even be clues hidden in your earlobes. mirror, mirror on the wall. >> is it really? >> who has the creepiest ears of them all? >> little waxy. >>> first did you hear that? no. it's either the clock ticking, the powerball ticket printing or the cash registers ringing. that's for sure. all of it as we get ready for tonight's enormous powerball lottery. >> like my foley effect there? >> very nice. >> the second largest lottery jackpot ever. it's at least half a billion, and strong
. and dealing with the loving fiscal cliff looming -- they will have to deal with this to avoid tax increases and spending cuts at the net jones has the latest on the negotiations. >> after meeting with president of,. >> let me welcome the congressional leadership. >> expressed optimism to avoid $500 billion on tax increases and spending cuts next year. >> we have a very constructive meeting with the president to talk about the americans financial problems. >> we have a cornerstone to fig. >> the have working behind this seemed to work together to bring in tax revenue and reduce spending on medicare but it is not yet clear what lawmakers will meet next. even if some progress is made a final deal could be a long way away. >> we rarely see the hill and the white house make decisions early they do better when they have a deadline so i would be pleasantly surprised to see a deal emerge earlier. by the end of the year, so we will see. >> tax hikes and steep spending cuts will take place next year. >> 8:41 first, this live look outside at san francisco still very foggy. there are some bridge adviso
'll be watching the starting at 6:30 with the opening bell. >> americans understand that the fiscal cliff is no joke two-thirds say that they understand that this would be a problem if they would not comply. also according to this poll one of the forces that tax increases and spending cuts will cause a crisis. >> customers swarm stores and record numbers for the black friday deals. 247 million shoppers. and that is more this year than last year and they also spent more. with the average person spending $423. on this four day weekend, id is $59 billion and that is also up from last year. it is a pretty good weekend for retailers. 41 percent of consumers are going to purchase items online this year and the bad guys are going to ponder those shoppers. and cyber gangs.. will have new and old internet scams to hijack accounts. one half are using web browsers with out any security measures or if they do they are out of date. experts are looking for bogus coupons and too good to be true advertisements with links on social media. if you need extra holiday crash perhaps go to or arizona or organ t
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